"It took Google more than 15 years to reach $100 billion in annual revenue. In just the last 6 years, we have gone from $100 billion to over $300 billion in annual revenue." - Sundar Pichai
— Sundar Pichai
03Detailed Report
GOOGL
Alphabet Inc
Period
Q1 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedMay 14, 2026
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Executive Summary
In Q1 2024, Alphabet Inc achieved an impressive revenue of $80.5 billion, representing a growth of 15% year-over-year. This growth was significantly powered by advancements in Search, YouTube, and Google Cloud as the company leans into AI innovations. The operating income surged by 46%, reflecting a streamlined cost structure and increased operational efficiency. With a strong profit margin of 32%, management remains optimistic about sustaining growth momentum as they bring AI features to their core products. The company's proactive investment in infrastructure and product development positions it well for future growth. Alphabet also declared a quarterly dividend of $0.20 per share, underscoring its commitment to returning capital to shareholders while continuing its aggressive growth strategy in AI and Cloud services.
Cost Structure: Total cost increased by 10%, primarily driven by content acquisition related to YouTube. The operational efficiency improvements contributed to a 400 basis point expansion in operating margins compared to the previous year, reflecting strategic cost reengineering.
Balance Sheet Strength: Cash and short-term investments totaled $108 billion. Cash Flow: Free cash flow in Q1 2024 stood at $16.8 billion, accumulating to $69.1 billion over the trailing twelve months, indicating robust operational cash generation capabilities.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
80.47B
15.30%
-6.77%
Gross Profit
47.06B
20.14%
-3.43%
Operating Income
25.47B
46.26%
7.49%
Net Income
23.66B
57.21%
14.38%
EPS
1.91
61.86%
15.06%
Key Financial Ratios
Gross Profit Margin
Good
58.50%
Gross profit margin is healthy and competitive within industry standards
Operating Profit Margin
Excellent
31.70%
Operating margin is exceptional, indicating strong pricing power and operational efficiency
Net Profit Margin
Excellent
29.40%
Net profit margin is exceptional, indicating strong pricing power and operational efficiency
Return on Assets
Fair
5.81%
Return on assets is acceptable but below top-tier companies
Return on Equity
Fair
8.08%
Return on equity is acceptable but below top-tier companies
Current Ratio
Healthy
2.15
Current ratio shows adequate liquidity to meet short-term obligations
Debt to Equity
Conservative
0.10
Debt-to-equity shows conservative leverage and low financial risk
P/E Ratio
Fair Value
20.40x
P/E ratio in line with market averages
Price to Book
High Premium
6.59x
Very high premium suggests asset-light business model or lofty expectations
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